Africa > Algeria > Economy

View full size

Agriculture > products wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle
Aid as % of GDP	0.3%		[115th of 129]
Source: CIA World Factbook, 28 July 2005
Debt > External	$3,957,000,000.00		[100th of 136]
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Distribution of family income > Gini index	35.3		[13th of 43]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economic freedom	1.75		[97th of 156]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economy > Overview The hydrocarbons sector is the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter; it ranks 14th in oil reserves. Sustained high oil prices in recent years have helped improve Algeria's financial and macroeconomic indicators. Algeria is running substantial trade surpluses and building up record foreign exchange reserves. Algeria has decreased its external debt to less than 10% of GDP after repaying its Paris Club and London Club debt in 2006. Real GDP has risen due to higher oil output and increased government spending. The government's continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, however, has had little success in reducing high unemployment and improving living standards. Structural reform within the economy, such as development of the banking sector and the construction of infrastructure, moves ahead slowly hampered by corruption and bureaucratic resistance.
Source: The Heritage Foundation
Exports	$60,510,000,000.00		[43rd of 189]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GDP	$114,727,100,000.00		[44th of 203]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GDP > PPP	$210,657,000,000.00		[39th of 163]
Source: World Development Indicators database and CIA World Factbook
GDP > Real growth rate	4.5%		[115th of 198]
Source: World Bank. 2005. World Development Indicators 2005.
GINI index	35.3		[16th of 40]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Gross National Income	$51,028,000,000.00		[42nd of 172]
Source: World Development Indicators database
Human Development Index	0.722		[104th of 178]
Income category	Lower middle income
Source: Human Development Report 2006, United Nations Development Programme
Income distribution > Richest 10%	26.8%		[78th of 114]
Source:
Population below poverty line	25%		[16th of 46]
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Poverty > Share of all poor people	0.06 % of world's poor		[52nd of 80]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Public debt	18 % of GDP		[98th of 121]
Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling
Technological achievement	0.22		[55th of 68]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Tourist arrivals	635,000		[63rd of 152]
Source: United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org

Related links:

• Forum discussion > Economy
• Looking for Information on the U.S. Economy? Check out StateMaster
• Stay updated with current stat feeds! Subscribe to the Economy RSS / Atom feeds
•  Subscribe to our popular Economy factoids RSS / Atom feeds
• Save this page on  del.icio.us / furl / your bookmarks

More facts and figures on Algeria